Clark Vernon E 4
4 · Horizon Lines, Inc. · Filed Jun 6, 2011
Insider Transaction Report
Form 4
Clark Vernon E
Director
Transactions
- Award
Restricted Stock Unit
2011-06-02+49,180→ 49,180 total→ Common Stock, par value (49,180 underlying)
Footnotes (2)
- [F1]Each restricted stock unit is the economic equivalent of one share of HRZ common stock (excludes the right to receive dividends).
- [F2]The restricted stock units vest on June 2, 2012. The restricted stock units will be paid in cash based on the closing price of the Company's common stock on the date the director no longer serves on the Board.